Float glass market rose slightly
Float glass market price
|
market
|
model
|
April 8
|
April 9
|
rise and fall
|
units
|
|
northeast
|
5mm large plate
|
1700
|
1710
|
10
|
Yuan/ton
|
|
Northwest
|
5mm large plate
|
1720
|
1720
|
0
|
Yuan/ton
|
|
Southwest
|
5mm large plate
|
1830
|
1830
|
0
|
Yuan/ton
|
|
East China
|
5mm large plate
|
1820
|
1820
|
0
|
Yuan/ton
|
|
Huazhong
|
5mm large plate
|
1560
|
1570
|
10
|
Yuan/ton
|
|
South China
|
5mm large plate
|
1830
|
1830
|
0
|
Yuan/ton
|
|
North China
|
5mm large plate
|
1600
|
1610
|
10
|
Yuan/ton
|
|
Beijing, Tianjin and Tangshan
|
5mm large plate
|
1620
|
1630
|
10
|
Yuan/ton
|
|
Shahe
|
5mm large plate
|
1480
|
1492
|
12
|
Yuan/ton
|
|
Shahe
|
5mm small plate
|
1384
|
1400
|
16
|
Yuan/ton
|
Analysis of float glass market
China's 5mm float glass market rose slightly today, with float glass prices in Northeast China, Central China and North China rising by 10 yuan/ton, and quotations in other regions being relatively stable. At present, the enthusiasm of the middle and lower reaches of the float glass market to obtain goods has improved, and the sentiment in the market has been driven. Manufacturers have a mentality of supporting prices. Prices in North China continue to increase slightly after the holiday, and the market price of large and small plate float glass in Shahe area has increased by 12-16 yuan/ton. However, the prices of manufacturers in the northwest, southwest, east and south China regions are relatively small and stable.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on April 9 was 1,553.73, up 9.27 from the previous working day, or 0.60%.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on April 9, was 1498 yuan/ton, and finally closed at 1515 yuan/ton, an increase of 2.71% within the day. The intraday high was 1518 yuan/ton, the lowest was 1466 yuan/ton, holding 724209 lots, a month-on-month +35493 lots.
Glass futures prices continued to rise slightly today. Recently, due to the rebound in production and sales in the spot market and the continuous rise in spot prices, market sentiment has been boosted. However, the receiving sentiment in the spot market has weakened slightly today. If subsequent terminal demand accepts general glass plates, it may face high hedging pressure again. In addition, macro sentiment has picked up recently. Today's glass market rebound is mainly due to the market environment. The subsequent macro fund entry layout game policy expectations may also form certain support for glass prices.
market outlook
The supply side of the upstream soda ash market is operating in large stability and small movements, while the demand side is not enthusiastic about purchasing, and the main focus is caution. The soda ash market is operating in a volatile manner. Cold water maintenance of some production lines on the supply side of the float glass market, the operating rate declined slightly, and the demand side improved. However, the performance of various regions is mixed. It is expected that the float glass market will continue to consolidate in a narrow range in the short term.
